The state wants to keep the country’s debt levels down while also saving money across government departments.
Pravin Gordhan admits that the state’s ambitious development plans will come to nought without effective management by state institutions.
The government is taking a tough-love approach to drive its bold, integrated R1-trillion infrastructure plan and the state will crack the whip.
The state, economists say, can afford to double its debt levels and lift borrowing to about R1-trillion to pay its ambitious infrastructure plans.
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/ 10 February 2012
But Glencore and Xstrata executives maintain that they are merely consolidating their business.
The Chamber of Mines advocates public-private partnerships instead of more state involvement.
President Zuma has delivered one of his better State of the Nation speeches since taking office in 2009. Our politics team breaks it down for us.
The year ahead may yet prove a tough time for commodities, but the outlook from the 2012 Mining Indaba is cautiously optimistic, thanks to China.
Supply constraints, double-digit price hikes and power outages are taking their toll on the economy, experts say. And brace for more load-shedding.